Posted To: MBS Commentary

Incidental Weakness This morning’s commentary covers everything that needs to be said in today’s closing commentary. To recap, this is a time of year with lower volume/liquidity/participation, and that greases the skids for inconsequential volatility to be slightly more noticeable. That was today in a nutshell. As expected, weakness persisted into the 20yr bond auction and then abated in the afternoon. For those who insist on being concerned about some technical tea leaf, the 10yr pivot point at 1.37+ is worth keeping an eye on (3 distinct bounces on each of the past 3 weeks. Econ Data / Events Fed MBS Buying 10am, 11:30am, 1pm Market Movement Recap 08:56 AM Moderately weaker overnight in a broader continuation of the bounce that began at the start of the overnight session on Sunday…(read more)

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Published On: December 21, 2021 / Categories: Mortgage News /